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What you have is a piece of silver bullion made by a private silver company. Its value is whatever the value of an ounce of silver is. As of October 18, 2007, silver was $13.85 per troy ounce. You can check the current spot price of silver at Kitco.com: http://kitco.com

A dealer will usually buy these bullion pieces at about 90% of the melt value, and sell them at about 110% of the melt value, as they have to make a profit in order to stay in business. At $13.85/oz, expect to get about $12.50 for it, and expect a scrupulous dealer to charge no more than $15 for the same piece.

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Q: What is the value of a 1986 Christmas one troy ounce 999 silver coin?
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